ch 14 consumer diversity

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Description and Tags

from lecture slides. goes into age, gender, sexual orientation, and ethnicity

21 Terms

1

age and challenges: kids and tweens

challenges:

  • having cool stuff

  • making friends

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2

age and challenges: teens

challenges:

  • fitting in

  • rebelling

  • dating

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3

ages and challenges: young adult

challenges:

  • college

  • job

  • car

  • housing and furnishing

  • marriage/committed partner

  • children

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4

ages and challenges: middle adult

challenges:

  • children

  • bigger house and more furnishing

  • aging parents

  • managing time

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5

ages and challenges: older adult

challenges:

  • retirement

  • managing health

  • maintaining social relations

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6

cohort and coming of age vs today: generation x

cohort: generation x

coming of age:

  • economic hardships and unemployment (stock market crash 1987)

  • divorce

  • terrorism, assassination (john lenon, reagon, pope, berhnard goetz subway shooting) AIDs

  • disasters (chernobyl, challenger explosion, exxon valdez, SF earthquake, global warning, mississippi flood)

  • scandals ( ivan boesky, president marcos, jimmy swaggart, gary hart)

today:

  • “the only thing that is certain is uncertainty”

  • “there are risks and trade-offs with everything”

  • “diversity is to be appreciated”

  • “cut the BS”

  • “have some fun”

  • focus on household building

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7

cohort and coming of age vs today: baby boomers

cohort: baby boomers

coming of age:

  • optimism and economic prosperity

  • indulgent, proud parents (Dr. Spock), life in suburbia, sense of entitlement

  • scientific discovery, confidence in technological future

  • political activism (in power, in control) focus on individualism

  • focus on learning, adventure, experimentation

today:

  • achievement, competition, and expressing creativity through work

  • entitlement

  • tempering '“doing it all” with “family focus”

  • gaining control: of time, future, stress, aging body

  • managed adventure

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8

cohorts and coming of age vs today: depression & WWII

cohort: depression & WWII

coming of age:

  • rebuilding society

  • hard work

  • team work

  • self-sacrifice

  • authority and conformity

today:

  • you earned it

  • wisdom

  • assurance

  • consistency valued

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9

sex roles: goals

  • agentic (direct personal agency)

  • communal (collective agency)

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10

gender roles:

  • masculine

  • feminine

  • androgynous

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11

differences in acquisition and consumption behaviors

  • women: deliberate, through research

  • men: driven by themes, simple heuristics

  • LGBT consumers: is there a commonality?

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12

sources of geographic impact

  • climate

  • natural resources

  • population density and development

  • history and ancestry of residents

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13

US regionalism — causes and manifestations: origins

  • tradition, migration, and ancestry

  • history

  • degree of interaction with the outside world

  • “the big sort”

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14

US regionalism — causes and manifestations: manifestations

  • customs, values, and culture

  • food and product preferences

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15

regional differences within other countries

  • geographic barriers

  • languages and dialects

  • religious and cultural influences

  • receptivity to outside innovations

  • levels of affluence

  • extent of freedom

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16

clustering:

  • purely data driven, statistical method of identifying relatively similar regions (no strong theory)

  • somewhat arbitrary assignments; results heavily dependent on number of clusters (groups or regions) “extracted”

  • practical, since, market-relevant criteria can be selected

  • examples:

    • PRIZM system

    • ESRI GIS

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17

issues of ethnicity and affiliation:

some issues:

  • extent of affiliation with group

  • assimilation vs. cohesion within group

  • manifestation of culture (e.g., language, dress, appearance, values)

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18

large ethnic groups within the US

  • hispanics/latinos

  • African-Americans

  • Asian-Americans

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19

consumer diversity: Hispanics

  • 50.5 million in 2010

  • some common tendencies:

    • speak Spanish, but…

    • heavy influence of Roman Catholic Church

    • heavy emphasis on family

    • male domination

  • but more significant differences:

    • large variation in dialects

    • differences between subgroups

    • large variation in degree of assimilation

    • accepted “label”

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20

sonsumer diversity: African-Americans

  • large, diverse group (38.9 million in 2010)

  • concentration in urban areas (caused in part by migration away from South)

  • increasing middle class

  • tendency to value style

  • prior high levels of brand loyalty, though decreasing

  • adaption of products to own culture

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21

consumer diversity: Asian-Americans

  • fastest growing group in US (4x faster); 14.6 million (2010)

  • concentrated in California and Hawaii

  • great diversity

    • why?

  • highest incomes of any minority group

  • family, corporation and tradition emphasized

  • maintenance of traditional culture despite some assimilation

  • relationships to sellers is important

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